Two years ago, HP was viewed as potential major tablet competitor for Apple and the iPad, with the company's 2010 acquisition of Palm allowing it to debut its webOS-based TouchPad in early 2011. The TouchPad turned out to be a flop, however, until the company lowered pricing to $99 in order to clear out stock, and HP quickly decided to exit the smartphone and tablet markets and turn webOS into an open source project.
